Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 12 January 2018

Yesterday’s FTSE 100 Leaders Close (p) Chg (p) % Chg % YTD
Just Eat 803.8 36.2 4.7 2.9
easyJet 1536.5 57.5 3.9 5.0
Anglo American 1761 60.6 3.6 13.7
Bunzl 2050 45 2.2 -1.1
Rio Tinto 4165.5 76.5 1.9 5.7
Yesterday’s FTSE 100 Laggards Close (p) Chg (p) % Chg % YTD
Marks & Spencer 301.2 -22.8 -7.0 -4.3
Tesco 202.3 -9.6 -4.5 -3.3
Barratt Developments 617 -17.2 -2.7 -4.7
Barclays 196.1 -5.1 -2.5 -3.5
Mediclinic International 602.4 -13.6 -2.2 -7.3
Major World Indices Mid/Close Chg % Chg % YTD
UK FTSE 100 7,762.9 14.4 0.19 1.0
UK FTSE 250 20,738.0 -22.1 -0.11 0.1
FR CAC 40 5,488.6 -16.1 -0.29 3.3
DE DAX 30 13,202.9 -78.4 -0.59 2.2
US DJ Industrial Average 30 25,574.8 205.5 0.81 3.5
US Nasdaq Composite 7,211.8 58.2 0.81 4.5
US S&P 500 2,767.6 19.3 0.70 3.5
JP Nikkei 225 23,653.8 -56.6 -0.24 3.9
HK Hang Seng Index 50 31,308.5 188.1 0.60 4.6
AU S&P/ASX 200 6,070.1 2.4 0.04 0.1
Commodities & FX Mid/Close Chg % Chg % YTD
Crude Oil, West Texas Int. ($/barrel) 63.39 -1.15 -1.77 5.5
Crude Oil, Brent ($/barrel) 69.09 -0.79 -1.13 3.7
Gold ($/oz) 1329.18 7.38 0.56 2.0
Silver ($/oz) 16.97 -0.05 -0.26 0.6
GBP/USD – US$ per £ 1.3543 0.01 0.3
EUR/USD – US$ per € 1.2043 0.00 0.4
GBP/EUR – € per £ 1.1245 0.01 -0.1
FTSE 100 Index called to open +5pts at 7670

FTSE 100: 5-day hourly

Click graph to enlarge

Markets Overview: (Source: Bloomberg, FT, Reuters, DJ Newswires)

FTSE 100 Index called to open +5pts at 7770, having bounced off 7765 intersecting support to maintain the uptrend and potential to keep pushing fresh record highs. Bulls need a break above Jan rising highs resistance at 7785, Bears require a breach of Jan rising lows support at 7750.  Watch levels: Bullish 7785, Bearish 7750

Calls for a positive start come after Wall St reverted to gains, following what now appears to be a once-a-week permitted loss, with more fresh record highs thanks to a calming in bond markets  and oil making fresh multi-year highs. China exports growth slowed less than expected overnight, helping Miners (BHP and Rio shares up circa 2% down-under) even if imports plunged. Beijing successfully curbing a potential credit bubble while global growth supports demand?

Positive commodity sentiment helping offset weaker USD and thus stronger GBP which would normally hurt the FTSE. The former is derived from EUR strength after yesterday’s hawkish ECB minutes, still hampering the German DAX. Asia mixed overnight with Japan hindered by stronger Yen, Hang Seng up thanks to financials and Australia flat

In UK corporate news this morning: Bovis Homes completions -8%, average selling prices +7%; fundamentals remain strong, supported by low financing and government initiatives; strong outlook allows 20% div increase in 2018 and allows first special dividend payment towards end of year.

Smiths Group expects impact of US tax reform to be favourable over medium Term; 2pt drop in tax rate from FY19. Mitchells & Butler says sales rose during Christmas period despite adverse weather in run-up; record Christmas day trading. B&M confident in meeting expectations for FY EBITDA.

US equity markets rocketed back to record highs on Thursday, with the Dow Jones climbing over 200 points. Boeing once again saw strong gains, easily offsetting all laggards on the 30-stock index. The S&P 500 and Nasdaq also closed at record highs, with Energy names benefitting the former thanks to fresh Oil highs, while gains for Apple aided the latter.

Crude Oil benchmarks have retreated from yesterday’s fresh 3-year highs, with Brent Crude dipping back below $70 a barrel. However, both the global benchmark and its US equivalent remain supported around the highs, with the former holding above $69 as the US dollar remains weak, while the latter remains a distance above the $63 mark.

Gold has broken out to fresh 3-month highs overnight as the US dollar further retreats, trading above $1330 for the first time since September 2017. With the global reserve currency breaking below support yesterday in reaction to much more hawkish than expected ECB minutes, the precious metal, itself dollar-denominated, reaped the reward, breaking above a du of resistance at $1320 and $1326.

In focus today will be US inflation (1.30pm), the headline rate forecast slower in December although the more important Core metric likely held up. Although still shy of the Fed’s 2% target, it’s unlikely to sway the Fed from further rate hikes this year. With the Phillips Curve relationship between unemployment and inflation is clearly broken, the latest read on Average Hourly/Weekly Earnings may prove more significant in terms of underlying inflationary read-across.

US Retail Sales (1.30pm) are expected to post slower growth for headline, ex-Autos, and ex-Autos & Gas. US Business Inventories  (3pm), however, may have rebounded in November. US Q4 banks results are also sure to garner much attention with JPMorgan (midday) and Wells Fargo (1pm)  kicking off seasonal proceedings.

Speakers today are limited to the ECB’s in-house hawk and Bundesbank head Weidmann (4:30pm), the Philly Fed President Harker (5:30pm) at a Q&A-based lunch, and the Boston Fed’s Rosengren (non-voter; 9:15pm) delivering a keynote address at the ‘Money, Models, and Digital Innovation’ conference in California.

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.

Back to Top

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Telephone calls and online chat conversations may be monitored and recorded for regulatory and training purposes.

* We provide these as underlying assets to CFDs and Spreadbets.

To view our policies and terms, please click here

This website is not intended for or directed at residents of the United States or any country outside the UK. It is not intended for use by or distribution to any person in any jurisdiction or country where its use or distribution would contravene any regulation or local law.
Prices on this page are delayed.

Like many websites, we use cookies for statistical purposes and to acquire information on general internet use. This helps ensure that you get the full benefit of our services, and enhances your browsing experience . For more details on the cookies we use, view our privacy policy under the heading 'How We Use Cookies'. By using this website, we'll assume that you're happy to receive all cookies from Accendo Markets.
Removing cookies may impede the operation of some parts of this website. For general information about cookies and how to remove them, please click here 

Accendo Markets Ltd - 1 Alie Street, London, E1 8DE (UK) Telephone: 020 3051 7461 - Accendo Markets Ltd. is Authorised and Regulated by the Financial Conduct Authority (FCA) No. 475285. Accendo Markets Ltd. Registered in England and Wales No. 6417051. © Copyright Accendo Markets Ltd 2015. All rights reserved.

4.82 Average

154 Reviews

Shaun D

since signing up for Accendo I have had two traders, Mark and Sam. I have found both of these to be very informative about how CFD's work and they have made it very easy for me. Since working with Sam (last four months) my trading knowledge has improved and I can make more informative decisions about which Company's to invest with. Keep up the good work Sam.

Posted 3 months ago


I am very happy with the service I get from Accendo Markets and in particular Jermaine Bedlow. He is very professional and pleasant to speak to and this counter for a lot. The only problem I do have is with the Accendo trading platform as the platform will not stay open for more than about two minutes on my works computer before it shuts down, but it is fine on my home laptop.

Posted 5 months ago

Shreekant P

Its a good site for dealing stocks worldwide and having good staff.

Posted 5 months ago

Nick W

Krishan Appiah is one of the most dedicated / informative broker I have ever had.

Posted 5 months ago

Thomas I

Since I have been trading with Accendo Markets I have experienced much greater success than has been my experience with other trading companies mainly due to the help given by, what I consider to be my terminal with the trading floor, Mark, who has been most helpful in reminding me of the progress of my positions throughout the day and keeping me in touch with those positions so that I can more easily make successful trades when appropriate instead of missing out on opportunities through lack of attention. He draws my attention to the situations and enables me to make profitable trades. I am very happy with the situation at the moment and am enjoying the experience. Thomas Irving.

Posted 6 months ago

Kartik A

Accendo markets keep me connected with the market and its very well followed by Mr. Krishan Appiah ,which helps me to take certain decision on time.

Posted 6 months ago

Peter p

I have been trading with Accendo Markets and James Abbott my account manager for coming on 5 years now, James Abbott the senior trader of Accendo Markets provides me with up to minute information when I need it and find him very easy and professional to deal with. Whenever I need to trade or am not sure about anything James is always their to help with any queries I may have. The Accendo Platform I find very easy to use and navigate although it has been slightly changed over the years but definitely for the better. Personal when I do trade 90% of the time, I rather telephone call to place my trade dealings and if James is not there to take my call I find others at Accendo like Sam, Lee take my trades and are. All in all everyone at Accendo Markets are amazing to deal with and my relationship with Accendo is just as I like it. Peter Petrou

Posted 11 months ago

Mrs. J

"Our Trader, Aymen Azizi, has been nothing but attentive to our every need throughout our long relationship with him. No issue is too small, full explanations on all our questions."

Posted 1 year ago

Brian R

I have been with Accendo for a long time now, ten or twelve year's, probably more . As I told Sam (my trader) I thought that CFDs were better than sex . I stopped trading for a few years and only started back about a couple of months ago. But it is as if I had never been gone , so to speak. Sam has helped me every step of the way, at my age one forgets things. I have only praise for Accendo and as far as I am concerned the platform is the best . Now I am back trading at 71 years of age, I might even try sex again. Brian Robertson.

Posted 1 year ago

Jim W

I understand how to make a profit with CFDs. I am restricted by the range of companies I have knowledge of. Although, I am not sure that is a big problem. Tom Robertson is a very fine man.

Posted 1 year ago

Rebekah S

Well, I would not be trading without the help of my trader, Sam Alnakkash. He provided a really great overview of Accendo Markets, an insight into trading in general and how to get started in trading online. His advice, support and training has been fantastic all along the way, enabling me to start trading earlier than I would have done had I not had the support. He has also been very adept at understanding me as a client in order to help me achieve my trading goals. I still have a lot to learn and hope I will get there.

Posted 1 year ago

Nick z

I like the updates on shares I trade. Updates from Bloomberg and Reuters plus industry updates and breaking news. I've had Matt Grice and James Abbott and found both to be excellent. I would like to continue a personal service with James. He understands how and which stocks I trade.

Posted 1 year ago

Steve O

Excellent, knowledgable broker interaction and communication, coupled with very good research and analysis.

Posted 1 year ago

William P

Being new to direct trading I needed help and was given all the time and advice that I needed to feel fully able to make decisions on what I wanted to invest in. I asked for and got exactly the type of info I required provided by Tom Cook, who I would recommend to anyone looking for help.

Posted 1 year ago

Mr. W

I have been dealing with accendo for the past 8 years my broker Amrit I find him very helpful when he is there lol and had many offers to change but will not do it Bill Roberts

Posted 1 year ago

Zoran N

Very good all round service! Timely market information. (charts + trends coverage ) On the ball accounts managers ,quickly available and alert . Part of my success owed to my personal manager Mr Sam Springet , than you.

Posted 1 year ago

Mr Brian C

Easy to deal with.....

Posted 1 year ago

Muhammed S

Accendo markets are great for trading cfds and their research is second to none! Aymen manages my account is extremely helpful and always keeps me updated on market info. Thanks again

Posted 1 year ago

Mr Buta B

Always available, whenever I call I get straight through to someone that can and will help. The staff are very knowledgeable, helpful and easy to talk to.

Posted 1 year ago

Stephen B

Aymen Azizi keeps an eye on what is happening in the market and informs me with timely relevancy, email call, and txt.

Posted 1 year ago

Mr. G

the web site is so easy to use and Aymen my point of contact provides exactly the right level of intervention

Posted 1 year ago